China Hi-Tech Group Corporation

China Hi-Tech Group Corporation is a wholly state-owned large-scale central enterprise supervised by The State-owned Assets Supervision and Administration Commission of the State Council (SASAC), which was founded in Sep. 1998, was built up on the merge of companies under former The Ministry of Textile Industry, namely, China Textile Machinery (Group) Co., Ltd., China Textile Industrial Corporation for Foreign Economic and Technical Cooperation, China Texmatech Co., Ltd., China National Chemical Fiber Corporation, China Silk Industrial Corporation, etc.. In Dec. 2006, CHTC was listed as one of the pilot enterprises of the Board of Directors of SASAC, and established a scientific and standard corporate governance structure. Currently, CHTC has 18 direct subsidiaries and more than 50,000 staff. Among them, CHTC has 5 listed corporations, namely, Jingwei Textile Machinery Co., Ltd. (000666) is listed in Hong Kong stock market as well as in A stock market of China, CHTC KAMA Co., Ltd. (... [Details]